AIG Commercial Insurance News

S&P Revises AIG Outlook to Negative Citing Commercial Lines Challenges

Ratings agency Standard & Poor’s has revised its rating outlook to negative from stable for American International Group (AIG). The move came despite AIG recently hiring a new CEO, Brian Duperreault. At the same time, S&P Global Ratings affirmed its …

AIG Makes Leadership Changes at Commercial Insurance

American International Group (AIG) announced leadership appointments in its Commercial Insurance business, including a new chief underwriting officer and the newly-established roles of global head of Cyber, and presidents of Credit Lines and Portfolio Solutions. Madhu Tadikonda, who had served …

AIG Insurance Results Down in Q2; CEO Sees Opportunity in ACE-Chubb

American International Group Inc. (AIG) today reported net income of $1.8 billion for the quarter ended June 30, 2015, compared to $3.1 billion, for the second quarter of 2014. Second quarter net income declined primarily due to ongoing liability management …

AIG Names Bexiga Commercial Insurance IT Officer

American International Group Inc. announced that Annabelle Bexiga has been named business information officer (BIO) for Commercial Insurance. Effective in August 2015, Bexiga will report to Phil Fasano, chief information officer, and will also report to John Doyle, chief executive …

AIG’s Commercial Lines Improves in Q1

American International Group Inc.’s reported good news in its commercial lines business during the first quarter that was partially offset by low interest rates and weak investment returns. AIG on Thursday reported net income increased more than 50 percent to …

Changes at Top for AIG Commercial Lines: Smith Named COO; Shea, Thomas Head Global Lines

American International Group Inc. announced senior leadership changes in its Commercial Insurance business, naming Michael Smith as chief operating officer (COO). Also, James Shea has been appointed president of Global Financial Lines, and Robert Thomas has been named president of …